US sells 2-year notes at 4.290% vs 4.274% WI

  • Results of the $43 billion, 2-year note auction
  • Prior was 3.307%

This is a tail of 1.6 basis points, which points to a reluctance of real money to buy fixed income at these rates. That's the worst tail in 2s since Feb 2020.

The US government is paying nearly a full percentage point above last month, that's nearly $1 billion in extra interest over the life of these bonds.

Top Brokers

Sponsored

General Risk Warning